ELON UNIVERSITY: Common Data Set H. FINANCIAL AID

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1 ELON UNIVERSITY: Common Data Set H. FINANCIAL AID Please refer to the following financial aid definitions when completing Section H. Awarded aid: The dollar amounts offered to financial aid applicants. Financial aid applicant: Any applicant who submits any one of the institutionally required financial aid applications/forms, such as the FAFSA. Indebtedness: Aggregate dollar amount borrowed through any loan program (federal, state, subsidized, unsubsidized, private, etc.; excluding parent loans) while the student was enrolled at an institution. Student loans co signed by a parent are assumed to be the responsibility of the student and should be included. Institutional scholarships and grants: Endowed scholarships, annual gifts and tuition funded grants for which the institution determines the recipient. Financial need: As determined by your institution using the federal methodology and/or your institution's own standards. Need based aid: College funded or college administered award from institutional, state, federal, or other sources for which a student must have financial need to qualify. This includes both institutional and noninstitutional student aid (grants, jobs, and loans). Need based scholarship or grant aid: Scholarships and grants from institutional, state, federal, or other sources for which a student must have financial need to qualify. Need based self help aid: Loans and jobs from institutional, state, federal, or other sources for which a student must demonstrate financial need to qualify. Non need based scholarship or grant aid: Scholarships and grants, gifts, or merit based aid from institutional, state, federal, or other sources (including unrestricted funds or gifts and endowment income) awarded solely on the basis of academic achievement, merit, or any other non need based reason. When reporting questions H1 and H2, non need based aid that is used to meet need should be counted as need based aid. Note: Suggested order of precedence for counting non need money as need based: Non need institutional grants Non need tuition waivers Non need athletic awards Non need federal grants Non need state grants Non need outside grants Non need student loans Non need parent loans Non need work Non need based self help aid: Loans and jobs from institutional, state, or other sources for which a student need not demonstrate financial need to qualify. External scholarships and grants: Scholarships and grants received from outside (private) sources that students bring with them (e.g., Kiwanis, National Merit scholarships). The institution may process paperwork to receive the dollars, but it has no role in determining the recipient or the dollar amount awarded. Work study and employment: Federal and state work study aid, and any employment packaged by your institution in financial aid awards.

2 Aid Awarded to Enrolled uates H1. Enter total dollar amounts awarded to enrolled full time and less than full time degree seeking undergraduates (using the same cohort reported in CDS Question B1, total degree seeking undergraduates) in the following categories. (Note: If the data being reported are final figures for the academic year (see the next item below), use the academic year's CDS Question B1 cohort.) Include aid awarded to international students (i.e., those not qualifying for federal aid). Aid that is non need based but that was used to meet need should be reported in the need based aid column. (For a suggested order of precedence in assigning categories of aid to cover need, see the entry for non need based scholarship or grant aid on the last page of the definitions section.) Indicate the academic year for which data are reported for items H1, H2, H2A, and H6 below: estimated or final Which needs analysis methodology does your institution use in awarding institutional aid? (Formerly H3) Federal methodology (FM) X Institutional methodology (IM) Both FM and IM Scholarships/Grants Federal State (i.e., all states, not only the state in which your institution is located) Institutional: Endowed scholarships, annual gifts and tuition funded grants, awarded by the college, excluding athletic aid and tuition waivers (which are reported below). Scholarships/grants from external sources (e.g., Kiwanis, National Merit) not awarded by the college Total Scholarships/Grants Need based (Include non need based aid use to meet need.) Non need based (Exclude non need based aid use to meet need.) $ $ $1,391,260 $3,406,378 $1,603,001 $7,489,780 $4,398,759 $353,944 $301,508 $12,641,362 $6,303,268 Self Help Student loans from all sources (excluding parent loans) $5,880,383 $7,764,879 Federal Work Study State and other (e.g., institutional) workstudy/employment (Note: Excludes Federal Work Study captured above.) Total Self Help $1,951,362 $7,831,745 $7,764,879 Parent Loans $3,344,739 $6,211,659

3 Tuition Waivers Note: Reporting is optional. Report tuition waivers in this row if you choose to report them. Do not report tuition waivers elsewhere. Athletic Awards $2,173,318 $2,656,278 H2. Number of Enrolled Students Awarded Aid: List the number of degree seeking full time and less than full time undergraduates who applied for and were awarded financial aid from any source. Aid that is non need based but that was used to meet need should be counted as need based aid. Numbers should reflect the cohort awarded the dollars reported in H1. Note: In the chart below, students may be counted in more than one row, and full time freshmen should also be counted as full time undergraduates. First time Freshmen (Incl. Fresh) Less Than a) Number of degree seeking undergraduate students (CDS Item B1 if reporting on Fall 2007 cohort) 1,286 4, b) Number of students in line a who applied for need based financial aid 686 2,165 c) Number of students in line b who were determined to have financial need 403 1,583 d) Number of students in line c who were awarded any financial aid 400 1,573 e) Number of students in line d who were awarded any need based scholarship or grant aid 355 1,414 f) Number of students in line d who were awarded any need based selfhelp aid 322 1,308 g) Number of students in line d who were awarded any non need based scholarship or grant aid h) Number of students in line d whose need was fully met (exclude PLUS loans, unsubsidized loans, and private alternative loans) NA NA i) On average, the percentage of need that was met of students who were awarded any need based aid. Exclude any aid that was awarded in excess of need as well as any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans, and private alternative loans) 73% 68% % j) The average financial aid package of those in line d. Exclude any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans, and private alternative loans) $13,671 $13,400 $ k) Average need based scholarship or grant award of those in line e $8,527 $5,781 $ l) Average need based self help award (excluding PLUS loans, unsubsidized loans, and private alternative loans) of those in line f $5,144 $5,681 $ m) Average need based loan (excluding PLUS loans, unsubsidized loans, and private alternative loans) of those in line f who were awarded a needbased loan $3,666 $4,607 $ H2A. Number of Enrolled Students Awarded Non need based Scholarships and Grants: List the number of degree seeking full time and less than fulltime undergraduates who had no financial need and who were awarded institutional non need based scholarship or grant aid. Numbers should reflect the cohort awarded the dollars reported in H1. Note: In the chart below, students may be counted in more than one row, and full time freshmen should also be counted as full time undergraduates. n) Number of students in line a who had no financial need and who were awarded institutional non need based scholarship or grant aid (exclude those who were awarded athletic awards and tuition benefits) First time Freshmen (Incl. Fresh) Less Than

4 o) Average dollar amount of institutional non need based scholarship and grant aid awarded to students in line n $4,218 $4,370 $ p) Number of students in line a who were awarded an institutional nonneed based athletic scholarship or grant q) Average dollar amount of institutional non need based athletic scholarships and grants awarded to students in line p $16,912 $16,938 $ Note: These are the graduates and loan types to include and exclude in order to fill out CDS H4, H4a, H5 and H5a. Include: * 2007 undergraduate class who graduated between July 1, 2006 and June 30, 2007 who started at your institution as firsttime students and received a bachelor's degree between July 1, 2006 and June 30, * only loans made to students who borrowed while enrolled at your institution. * co signed loans. Exclude: * those who transferred in. * money borrowed at other institutions. H4. Provide the percentage of the class (defined above) who borrowed at any time through any loan programs (institutional, state, Federal Perkins, Federal Stafford Subsidized and Unsubsidized, private loans that were certified by your institution, etc.; exclude parent loans). Include both Federal Direct Student Loans and Federal Family Education Loans. 41% H4a. Provide the percentage of the class (defined above) who borrowed at any time through federal loan programs Federal Perkins, Federal Stafford Subsidized and Unsubsidized. Include both Federal Direct Student Loans and Federal Family Education Loans. NOTE: exclude all institutional, state, private alternative loans and parent loans. 40% H5. Report the average per borrower cumulative undergraduate indebtedness of those in line H4. $21,268 H5a. Report the average per borrower cumulative undergraduate indebtedness through federal loan programs Federal Perkins, Federal Stafford Subsidized and Unsubsidized. Include both Federal Direct Student Loans and Federal Family Education Loans. These are listed in line H4a. NOTE: exclude all institutional, state, private alternative loans and exclude parent loans. $ 15,148 Aid to uate Degree seeking Nonresident Aliens (Note: Report numbers and dollar amounts for the same academic year checked in item H1.) H6. Indicate your institution s policy regarding institutional scholarship and grant aid for undergraduate degree seeking nonresident aliens: Institutional need based scholarship or grant aid is available Institutional non need based scholarship or grant aid is available Institutional scholarship and grant aid is not available If institutional financial aid is available for undergraduate degree seeking nonresident aliens, provide the number of undergraduate degree seeking nonresident aliens who were awarded need based or non need based aid: Average dollar amount of institutional financial aid awarded to undergraduate degree seeking nonresident aliens: $

5 Total dollar amount of institutional financial aid awarded to undergraduate degree seeking nonresident aliens: $ H7. Check off all financial aid forms nonresident alien first year financial aid applicants must submit: Institution s own financial aid form CSS/Financial Aid PROFILE International Student s Financial Aid Application International Student s Certification of Finances Other: Process for First Year/Freshman Students H8. Check off all financial aid forms domestic first year (freshman) financial aid applicants must submit: FAFSA Institution s own financial aid form CSS/Financial Aid PROFILE State aid form Noncustodial PROFILE Business/Farm Supplement Other: H9. Indicate filing dates for first year (freshman) students: Priority date for filing required financial aid forms: Feb. 15 th Deadline for filing required financial aid forms: No deadline for filing required forms (applications processed on a rolling basis): H10. Indicate notification dates for first year (freshman) students (answer a or b): a.) Students notified on or about (date): b.) Students notified on a rolling basis: yes/no If yes, starting date: March 30 H11. Indicate reply dates: Students must reply by (date): NA or within NA weeks of notification. Types of Aid Available Please check off all types of aid available to undergraduates at your institution: H12. Loans FEDERAL DIRECT STUDENT LOAN PROGRAM (DIRECT LOAN) Direct Subsidized Stafford Loans Direct Unsubsidized Stafford Loans Direct PLUS Loans FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFEL) FFEL Subsidized Stafford Loans FFEL Unsubsidized Stafford Loans FFEL PLUS Loans

6 Federal Perkins Loans Federal Nursing Loans State Loans College/university loans from institutional funds Other (specify): Privately funded alternative loans H13. Scholarships and Grants NEED BASED: Federal Pell SEOG State scholarships/grants Private scholarships College/university scholarship or grant aid from institutional funds United Negro College Fund Federal Nursing Scholarship Other (specify): H14. Check off criteria used in awarding institutional aid. Check all that apply. Non need Need based Non need Need based Academics Leadership Alumni affiliation Minority status Art Music/drama Athletics Religious affiliation Job skills State/district residency ROTC

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